No section 271(1)(b) Penalty if assessment completed under section 143(3)

Swati Jignesh Jain Vs ITO (ITAT Mumbai)

Introduction: Dive into the intricacies of the case involving Swati Jignesh Jain and the Income Tax Officer (ITO) as the Income Tax Appellate Tribunal (ITAT) Mumbai deliberates on the imposition of penalty under Section 271(1)(b) of the Income Tax Act, 1961. The core issue revolves around the AO’s deemed condonation of the assessee’s absence during the assessment proceedings, ultimately influencing the tribunal’s decision. This article provides a comp

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